- Analytics
- News and Tools
- Market News
- ECB may need to add support if yields hurt growth - Schnabel
ECB may need to add support if yields hurt growth - Schnabel
Bloomberg reports that Executive Board member Isabel Schnabel said that the European Central Bank may need to boost its monetary support for the economy if rising government borrowing costs hurt growth.
“A rise in real long-term rates at the early stages of the recovery, even if reflecting improved growth prospects, may withdraw vital policy support too early and too abruptly given the still fragile state of the economy. Policy will then have to step up its level of support,” she said.
Schnabel’s remarks add to a sense of concern from the ECB that the bond market threatens to stifle the euro region’s recovery even before it’s begun.
On Thursday, Chief Economist Philip Lane said the ECB will use the flexibility of its emergency bond-buying program to prevent any undue tightening in financial conditions.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
